Press Release: Businesses reach expectations overall for Black Friday
27 November 2020
Black Friday was still exceptional when compared to the rest of the year and sometimes...
The aim of this seminar is to explain the practical
implications of the SEPA Regulation for businesses, thereby assisting
participants to assess their state of preparedness for migration to SEPA by 1
February 2014, and to guide businesses on the actions which need to be taken to
achieve such compliance within the stipulated timeframe.
Following the introduction of euro notes and coin, the
EU banking industry, strongly supported by the European Commission and the
European Central Bank, has been working to develop harmonized schemes for
electronic payments in euro within the Single Euro Payments Area (SEPA). The
aim of the SEPA project is to improve the efficiency of cross-border payments
in euro, and turn existing fragmented national markets into a single
pan-European market, adhering to the same set of rules and standards for the
execution of credit transfers and direct debits.
In February 2012, the EU adopted Regulation 260/2012
(the SEPA end-date Regulation), establishing technical and business
requirements for credit transfers and direct debits in euro, and stipulating 1
February 2014 as the deadline for compliance with these provisions. This means
that as of that date, all existing national schemes for euro credit transfers
and direct debits must be replaced by SEPA-compliant schemes.
Topics on Agenda
The information session will cover the following
Introduction to SEPA, its
objectives and benefits
Impact of SEPA on
Progress achieved so far in
Preparing your business for
Migration Migration from an
Chamber of Engineers Premises, 127, Professional Centre, Sliema Road, Gzira
26th March, 2013 at 4pm FREE OF
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).